Among the most volatile stocks traded on August 26 were: VirnetX Holding Corp, Zillow, Inc, LinkedIn Corporation Class A Co, Radian Group Inc, and Dollar Financial Corp. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of VirnetX Holding Corp (VHC) traded higher by 5.91% or $1.21/share to $21.71. In the past year, the shares have traded as low as $6.19 and as high as $41.77. On average, 1973280 shares of VHC exchange hands on a given day and today's volume is recorded at 514821. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $28.23 represents resistance and the 200-day moving average of $20.24 would be an area of support.
Shares of Zillow, Inc. (Z) fell by 2.84% or $-0.86/share to $29.39. In the past year, the shares have traded as low as $23.43 and as high as $60.00. On average, 428180 shares of Z exchange hands on a given day and today's volume is recorded at 90453. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $28.87 area.
Shares of LinkedIn Corporation Class A Co (LNKD) traded higher by 5.22% or $3.72/share to $74.99. In the past year, the shares have traded as low as $60.14 and as high as $122.69. On average, 1516990 shares of LNKD exchange hands on a given day and today's volume is recorded at 300798. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $87.20 area where the stock may encounter resistance.
Shares of Radian Group Inc. (RDN) traded higher by 1.85% or $0.05/share to $2.75. In the past year, the shares have traded as low as $1.95 and as high as $10.09. On average, 4690390 shares of RDN exchange hands on a given day and today's volume is recorded at 1497910. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $3.44 area but be careful because the stock may face selling pressure at this level.
Shares of Dollar Financial Corp. (DLLR) traded higher by 12.2% or $2.33/share to $21.43. In the past year, the shares have traded as low as $10.01 and as high as $23.50. On average, 366290 shares of DLLR exchange hands on a given day and today's volume is recorded at 186124. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $21.01 area where the stock will likely see buying pressure.
